SAFE IT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SAFE IT
Largest movements
- Cash -€61,484
down €61,484 (-98.0%), from €62,718 to €1,234
mainly Contributions, distributions and other (-€105,000) and Debts after one year (-€10,017)
- Tangible fixed assets -€14,818
down €14,818 (-17.8%), from €83,200 to €68,382
of which Furniture and vehicles: -€10,987
- Deferred charges and accrued income -€3,161
no longer reported in 2025 (was €3,161)
- Profit (loss) carried forward -€64,166
down €64,166 (-61.0%), from €105,255 to €41,089
- Debts after one year -€10,017
down €10,017 (-32.8%), from €30,507 to €20,490
- Tax, wage and social debts -€3,663
down €3,663 (-27.7%), from €13,215 to €9,551
- Trade debts -€2,062
down €2,062 (-61.1%), from €3,373 to €1,311
of which Bills of exchange payable: -€2,520
- Purchases and services -€29,729
down €29,729 (-27.3%), from €108,896 to €79,167
- Gross operating margin +€23,904
up €23,904 (+48.2%), from €49,594 to €73,498
- Turnover -€5,825
down €5,825 (-3.7%), from €158,490 to €152,665
- Taxes +€5,255
up €5,255 (+91.5%), from €5,745 to €11,000
- Other operating charges -€2,962
down €2,962 (-52.2%), from €5,673 to €2,711
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,932 | €86,458 | -€79,474 | -47.9% |
| Fixed assets | 21/28 | €83,251 | €68,561 | -€14,689 | -17.6% |
| Tangible fixed assets | 22/27 | €83,200 | €68,382 | -€14,818 | -17.8% |
| Land and buildings | 22 | €35,412 | €31,581 | -€3,831 | -10.8% |
| Furniture and vehicles | 24 | €47,789 | €36,801 | -€10,987 | -23.0% |
| Financial fixed assets | 28 | €50 | €179 | +€129 | +255.4% |
| Current assets | 29/58 | €82,681 | €17,897 | -€64,784 | -78.4% |
| Amounts receivable within one year | 40/41 | €16,803 | €16,663 | -€140 | -0.8% |
| Trade receivables | 40 | €16,803 | €16,280 | -€523 | -3.1% |
| Other amounts receivable | 41 | - | €383 | +€383 | |
| Cash at bank and in hand | 54/58 | €62,718 | €1,234 | -€61,484 | -98.0% |
| Deferred charges and accrued income | 490/1 | €3,161 | - | -€3,161 | |
| Total equity and liabilities | 10/49 | €165,932 | €86,458 | -€79,474 | -47.9% |
| Equity | 10/15 | €109,255 | €45,089 | -€64,166 | -58.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Capital | 10 | €4,000 | - | -€4,000 | |
| Issued capital | 100 | €4,000 | - | -€4,000 | |
| Profit (loss) carried forward | 14 | €105,255 | €41,089 | -€64,166 | -61.0% |
| Amounts payable | 17/49 | €56,677 | €41,369 | -€15,308 | -27.0% |
| Amounts payable after more than one year | 17 | €30,507 | €20,490 | -€10,017 | -32.8% |
| Financial debts | 170/4 | €30,507 | €20,490 | -€10,017 | -32.8% |
| Amounts payable within one year | 42/48 | €26,170 | €20,879 | -€5,290 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €9,582 | €10,017 | +€435 | +4.5% |
| Trade debts | 44 | €3,373 | €1,311 | -€2,062 | -61.1% |
| Suppliers | 440/4 | €853 | €1,311 | +€458 | +53.7% |
| Bills of exchange payable | 441 | €2,520 | - | -€2,520 | |
| Taxes, remuneration and social security | 45 | €13,215 | €9,551 | -€3,663 | -27.7% |
| Taxes | 450/3 | €13,215 | €9,551 | -€3,663 | -27.7% |
| Turnover | 70 | €158,490 | €152,665 | -€5,825 | -3.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €108,896 | €79,167 | -€29,729 | -27.3% |
| Remuneration, social security and pensions | 62 | €169 | €125 | -€44 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,619 | €16,984 | +€2,365 | +16.2% |
| Other operating charges | 640/8 | €5,673 | €2,711 | -€2,962 | -52.2% |
| Gross operating margin | 9900 | €49,594 | €73,498 | +€23,904 | +48.2% |
| Operating profit (loss) | 9901 | €29,132 | €53,678 | +€24,545 | +84.3% |
| Financial charges | 65/66B | €2,207 | €1,844 | -€363 | -16.5% |
| Recurring financial charges | 65 | €2,207 | €1,844 | -€363 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €26,925 | €51,834 | +€24,909 | +92.5% |
| Income taxes | 67/77 | €5,745 | €11,000 | +€5,255 | +91.5% |
| Profit (loss) for the period | 9904 | €21,180 | €40,834 | +€19,654 | +92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,180 | €40,834 | +€19,654 | +92.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.